B.F. Saul Company

B.F. Saul Company

B.F. Saul Company was founded in 1892 when a 19-year-old B. Francis Saul opened a real estate and insurance business in a then-sleepy Washington, D.C. Over 130 years later, under the leadership of Chairman and CEO B. Francis Saul II, the firm operates as the family's principal investment vehicle. Its wealth originates from a century of real estate development, mortgage banking, and hospitality investments concentrated in the greater Washington, D.C. area. The firm pursues a concentrated direct-investment strategy across commercial and residential real estate, property management, and hospitality. Its portfolio includes trophy assets such as The Hay-Adams Hotel, The Kennedy-Warren apartment building, and the mixed-use development The Waycroft in Arlington, Virginia. The family also controls Saul Centers, a publicly listed REIT, and maintains a major leasing and commercial insurance division. Its geographic focus remains deeply rooted in North America, with multiple properties spanning Washington, D.C., Maryland, and Virginia. The firm is entirely privately owned and does not disclose assets under management. Its scale is inferred from a multibillion-dollar portfolio of long-held Class A properties. The next generation is active: B. Francis Saul III founded Saul Investment Group and Saul Urban, separate ventures that reflect the family's ongoing commitment to urban infill and operating businesses. The Saul family also maintains a private corporate jet and a significant art collection, alongside a suite of professional club memberships in the capital region. B.F. Saul Company's structural differentiator is its embedded public-private hybrid. By holding a controlling interest in Saul Centers while running a private family office, the firm can tap public debt markets and maintain permanent capital simultaneously — a dual-track structure uncommon among pure single-family offices. This architecture has enabled multi-decade holds on trophy assets like The Hay-Adams, insulating the portfolio from forced-sale cycles that dictate behavior at more traditional real estate investment managers.